Insolvency

August 2024 saw 102 company insolvencies registered in Scotland, 9% lower than the number in August 2023. The total number of company insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations and two receivership appointments. There were no CVAs.

Karen Little takes a look at what the Morphe Cosmetics case demonstrates about the the pros and cons of pre-pack sales. The recent news about viral beauty brand Morphe Cosmetics entering into administration through a pre-pack sale will no doubt have caught the attention of insolvency practitioners a

Company insolvencies in Scotland rose in July 2024, reaching 117 cases, a 21% year-on-year increase, however, the overall insolvency rate for the past 12 months has slightly decreased. July's company insolvencies were comprised of 76 CVLs, 33 compulsory liquidations and eight administrations.

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

Scotland's corporate insolvencies dipped by 3.1% in Q1 2024-2025 compared to the previous fiscal year, totalling 283. Despite this decrease, figures are still 17.9% higher than pre-pandemic levels.

Company insolvencies in Scotland fell by 4% in June 2024 compared to the previous year, totalling 109. This was comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership appointments.

Company insolvencies in Scotland rose by 22% year-on-year in May 2024, reaching 118. The latest data from the Insolvency Service showed this was comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no receivership appointments.

Protections for people who are in debt and experiencing mental health problems have been approved by the Scottish Parliament. The Bankruptcy and Diligence (Scotland) Bill includes the power to bring in a pause on debt recovery action until six months after the person has finished treatment.

Michael J M Reid of MHA in Aberdeen has been appointed liquidator for a Buckie-based machinery supply company.

Scotland recorded 109 company insolvencies during the month of April, a 4% year-on-year decrease, according to The Insolvency Service. These included 48 compulsory liquidations, 59 creditors' voluntary liquidations (CVLs), and 2 administrations. This puts the overall insolvency rate in Scotland for

Kellwood Engineering, a Dumfries-based precision machining and fabrication company trading for almost 40 years, has had to close its doors with the loss of 27 employees. The director of the company, James Maitland, has appointed Donald McKinnon of Wylie & Bisset, Accountants and Business Advisor

Company insolvencies in Scotland have gone up 11% year-on-year, as 115 company insolvencies registered were registered during March 2024. This was comprised of 44 compulsory liquidations, 62 CVLs, and 9 administrations. There were no CVAs or receivership appointments.

Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB). This is a decrease of 13.0%. Over the same period, there were MVLs (members voluntary liquidations) were down to 94

  Company insolvencies in Scotland rose by 9% during February compared to the previous year, totalling 94 cases, according to data from the Insolvency Service.

In January 2024 there were 88 company insolvencies registered in Scotland, 19% lower than the number in January 2023, according to The Insolvency Service. This was comprised of 34 compulsory liquidations, 46 CVLs, seven administrations and one CVA. There were no receivership appointments.